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Following the stake sale announcement, the LSE plunged to 2,288 pence, down 9.
Borse Dubai acquired a 28 per cent stake in the LSE from Nasdaq Stock Market in 2007 as part of a deal that saw Nasdaq merge with Sweden's OMX group.
Meanwhile, the LSE Managing Director and Chief Executive Officer Aftab Ahmed Chaudhry congratulated the stakeholders and management of the new listed Company M/s.
Qatar Holding originally purchased a 20 per cent stake in the LSE in September 2007 at the same time as Borse Dubai purchase a 28 per cent stake.
The LSE Alumni Group in Malaysia was founded in 1985 and is one of the largest LSE alumni groups in Asia.
Xavier Rolet, the chief executive of the LSE, has cautioned that TMX shareholders would be diluted under the terms of Maple's offer.
Deutsche Boerse has itself earlier failed three times to buy the LSE - in 1998, 2000 and 2005 - as it sought to keep ahead of arch-rival Euronext, which operates the Paris, Amsterdam, Brussels and Lisbon exchanges.
No, but I'm glad that the LSE took the decision to say I should have come off it, and I did," he said.
But the City was less than impressed by the latest bout of disruption involving the LSE.
The UAE newspaper report said Borse Dubai executives were also not completely confident that the deal between the LSE and TMX will produce long term value.
INET@LSE will host researchers from the LSE and CEU, visiting faculty, and policy practitioners.
The agreement, which will see the LSE take a 60% stake in the smaller trading platform, will give it a trading presence across Europe.